Workers are increasingly looking for new job opportunities in five states, based on a recent report from the National Association of Realtors (NAR).
According to the third quarter of 2023 data, Virginia, Texas, Tennessee, Georgia, and South Carolina are leading the charge, attracting workers due to their robust job markets, lower living costs, and business-friendly environments.
In contrast, states like California are witnessing a significant decline in population, with a net migration drop of 18,485, followed by Illinois at 4,598. “High-cost areas like California and New York are experiencing outflows as workers pursue more affordable living while still striving for career advancement,” the NAR report highlighted.
Virginia
Virginia tops the list with a net gain of 7,191 workers relocating to the state this past quarter. A noticeable share comes from Maryland (18%) and the District of Columbia (12%), along with contributions from Florida (8%) and Texas (6%).
Texas
Close behind, Texas saw 7,036 new workers, primarily from California (12%), followed by Florida (8%) and Louisiana (8%). Major companies, including Elon Musk’s SpaceX and Apple’s operations, have made the switch to Texas, drawn by its favorable business climate.
Chevron also plans to move from California to Texas by year-end, citing California’s high costs and regulations as disadvantages for business.
“States like Texas, Tennessee, and Florida are attracting businesses with no state income tax and better conditions for growth, sparking a wave of worker migration,” NAR pointed out.
Tennessee
Tennessee is another hotspot, with a net influx of 6,295 workers, particularly from Georgia (12%) and Florida (10%). The state’s thriving industries, such as manufacturing and healthcare, make it a viable option for many.
Georgia and South Carolina
South Carolina follows closely with a net migration of 5,992, while Georgia records 5,006 new arrivals, both highlighting the region’s appeal to job switchers.